Oct 16, 2012 (LBO) - International Finance Corporation, a World Bank group unit will loan 10 million US dollars to Sri Lanka's Soflogic group to renovate a hotel in the island's South Western beach.
The will be used to renovate and expand Ceysands Hotel, a 66-room hotel in Bentota into a 166 room 4-star resort, Softlogic Holdings Plc said in a stock exchange filing.
The hotel is to be managed by the Centara, a Thailand based leisure brand.
Sri Lanka is going through a tourism boom after the end of a 30-year war and many businesses are getting into tourism.
source - www.lbo.lk
No comments:
Post a Comment